Inmotive Ranked #1 in Canada's Companies-to-Watch In Deloitte's Technology Fast 50 Program
“Our vision is simple: enable the production of electric vehicles that don’t break the bank” - Paul Bottero, CEO of Inmotive.
TORONTO, Ontario – November 8th, 2024
Inmotive has been ranked as the top company in the Companies-to-Watch category in Deloitte's 2024 Technology Fast 50™ program. This award celebrates emerging technology companies in Canada with significant potential based on their impressive revenue growth and innovation.
Inmotive’s flagship innovation, the Ingear™, is a two-speed transmission designed specifically for electric vehicles; it offers the highest efficiency and performance of any two-speed transmission on the market and closely resembles single speeds in costs and ease of integration. Their work addresses some of the biggest challenges in the EV industry, such as improving electric vehicle range, increasing performance and driveability, and making electric vehicles more accessible through lowering total system costs.
The success of Inmotive stems from its talented and diverse team of professionals who bring together deep expertise in mechanical engineering, automotive design, and EV systems. Leaders with extensive experience in automotive technology and a shared passion for simplifying complex engineering challenges founded the company in 2010. The team is in discussions with leading OEMS to non-exclusively license and integrate their technology into a wide variety of vehicle classes.
The Companies-to-Watch award highlights Inmotive's commitment to innovation and reshaping the future of electric mobility. Inmotive is honored to be recognized among a group of Canadian innovators tackling global challenges. With its advanced transmission technology, Inmotive is driving sustainable solutions in the electric vehicle industry, aiming to reshape mobility standards worldwide.
“Our vision is simple: enable the production of electric vehicles that don’t break the bank,” said Paul Bottero, CEO of Inmotive. “This recognition from Deloitte reinforces that what we’re building at Inmotive is impactful—technology that’s not just revolutionary but accessible. We’re thrilled to be named the top company to watch, and this is just the beginning. Our team will continue pushing boundaries and driving the future of efficient, affordable electric mobility.”
The Companies-to-Watch award is presented to Canadian technology companies that have demonstrated strong growth potential over the past three years. To qualify, this year's winners were required to meet revenue criteria, including a minimum of $50,000 in 2021 and $2.5 million in 2023, positioning them as future leaders in the industry.
About Inmotive Inc.
Inmotive is the Canadian based inventor of the Ingear, an ultra-efficient multi-speed powertrain technology for a wide range of applications. The Ingear extends electric vehicle range at very low additional cost and weight, while providing continuous torque during smooth shifts. Its highly reliable design also increases torque, acceleration, gradeability and top speed and is protected with 31 patents issued and 55 patents pending. Inmotive is headquartered in Toronto, Canada, with offices in Europe and China. More information is available at www.inmotive.com.
About Deloitte Technology Fast 50 Program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program, recognizing business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. Now in its 25th year, the program also includes companies in the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.
Media Contact
Brittney Popa
MBE Group (on behalf of Inmotive)
(231) 675-1692
bpopa@mbe.group